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Royal Caribbean commences $1b private notes offering
Royal Caribbean Group, flush from raising its 2024 profit outlook, commenced a private offering of $1b senior unsecured notes due 2032.
Anne Kalosh, Editor, Seatrade Cruise News & Senior Associate Editor, Seatrade Cruise Review
February 22, 2024
1 Min Read
Credit: Seatrade Cruise News
The company intends to use the proceeds, together with cash on hand and/or borrowings under its revolving credit facilities, to redeem all of the outstanding 11.625% senior notes due 2027.
The notes are being offered only to qualified institutional investors outside the US.
This follows Wednesday's increased adjusted full-year earnings per share guidance to a range of $9.90 to $10.10, up from the $9.50 to $9.70 forecast just three weeks ago.
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